ePlus inc (PLUS)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 550,793 | 517,524 | 460,982 | 393,554 | 391,191 |
| Revenue | US$ in thousands | 2,225,300 | 2,067,720 | 1,821,020 | 1,568,320 | 1,588,400 |
| Gross profit margin | 24.75% | 25.03% | 25.31% | 25.09% | 24.63% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $550,793K ÷ $2,225,300K
= 24.75%
The gross profit margin of ePlus Inc has been relatively stable over the past five years, ranging from 24.63% in March 2020 to 25.31% in March 2022. However, there was a slight decline in the gross profit margin to 24.75% in March 2024. This indicates that the company is able to maintain a consistent level of profitability from its core operations relative to its revenue during this period. Further analysis would be needed to determine the specific factors influencing these fluctuations in the gross profit margin.
Peer comparison
Mar 31, 2024